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Comp is Culture
Rusty LindquistVP of Thought Leadership
BambooHR
Mykkah HernerModern Compensation Evangelist
Payscale
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Thanks-A-LattéSome companies dilute their increase pool so much that increases to individual employees are incredibly small.They essentially amount to an extra latte per paycheck.
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We Surveyed Over 7,700 HR Leaders, Comp Pros, ExecsNumber of Locations Size of Organization
Level of Management Location
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Comp Is CultureThe talent game is about reputation.
How you pay, what you value and how you communicate that to your employees is integral to engaging your employees.
This is your ‘Pay Brand.’
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Top-performing Companies Realize the Connection Between Comp and Culture
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Are You out of Touch With Your Employees?
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Do You Ask Them About Pay?
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Back to “Thanks-A-Latté”…
11% of organizations said they don’t reward or recognize high-performing
employees
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Modern CompTips to Get YouBack on Track
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Get the C-suite to Care About Comp
57% agree that employee compensation is becoming more important to their executives
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Target Higher Transparency
Nearly half of all organizations seek to
be transparent in 2017
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Death of the 3% RaiseIf your employees matter to you, show
them with cash
• Only 26% of companies gave a 3% average raise
• 34% of organizations say the highest base pay increase they gave to an employee topped 10%
• 11% reported an average increase over 5%
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Pay More for Your Competitive Jobs
51% of organizations pay more for competitive jobs
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Data Is the Backbone of Good CompTo retain, engage, attract top talent in
critical roles, you need good data
• 54% of organizations have done a full market study within the past year
• 46% reference market data for individual jobs more frequently than annually
• 13% check market data for jobs at least weekly
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Align Variable Pay to
Objectives
In 2016, 34% of organizations gave
bonuses more frequently than
annually
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What’s Next for HR?
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The Compensation Crystal Ball
Biggest predicted challenges for 2017
• Retention & Recruitment
• Engagement
• Development
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Check out the 2017 CBPRView interactive charts and download the report www.payscale.com/cbpr
Keep an eye out for upcoming webinars that will keep the comp in your culture all year long.
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Comp is Culture
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Payscale.com/blog
Thank you!
bamboohr.com 1-866-387-9595
Comp is Culture
bamboohr.com 1-866-387-9595
Comp is Culture
Questions?